My thoughts on the so-called impending bubble in the education sector. Some modern day soothsayers are predicting that the next bubble lies in the education sector because college-bound aspirants are borrowing large sums of student loans from the government and private lenders to go to school.
The jobs that they get (or dont get) after they graduate do not not have enough earning potential to pay off their loans until 20 years or so. Industry watchers predict that the default rate on those student loans will increase and the ensuing domino effect will lead to an implosion similar to the home mortgage debacle.
A simplistic and general assumption. Though, in this stagnant, but slowly recovering economy it might be true.
Here’s what I think. » Read more: Why Personal Ambition is Critical











